McKibbin, Warwick JWilcoxen, Peter JLo, FTokuda, H, NCorray2003-10-272004-05-192011-01-052004-05-192011-01-0520004906686095http://hdl.handle.net/1885/41025http://digitalcollections.anu.edu.au/handle/1885/41025Conclusion: The system we advocate is flexible enough to adapt to changing political, economic and climate circumstances. Most importantly, we believe that the system we have designed although simple in concept, solves many of the insurmountable problems of the Kyoto Protocol and delivers an outcome in which global emissions will be lower than otherwise would be the case.34815 bytes351 bytesapplication/pdfapplication/octet-streamen-AUKyoto Protocoldeveloping countriesemission endowmentsemission permitsclimate change policyUNFCCCUnited Nations Framework Convention on Climate Changecarbon dioxide20002015-12-12